You are here

Air France-KLM chief quits in surprise move to IATA

Wednesday, April 6, 2016 - 06:53

airfrance0.jpg
Alexandre de Juniac is to resign as chairman and CEO of Air France-KLM to take charge of aviation industry group IATA in a surprise move announced Tuesday.

[PARIS] Alexandre de Juniac is to resign as chairman and CEO of Air France-KLM to take charge of aviation industry group IATA in a surprise move announced Tuesday.

Mr Juniac helped Europe's second biggest airline group return to profit last year for the first time since 2008, but his four-year spell at the helm was also marked by acrimonious relations with pilots.

The Franco-Dutch company said it was hoping to appoint Mr Juniac's replacement from August 1 at the latest.

"Alexandre de Juniac will be the first person coming from a French airline to lead IATA," Air France-KLM said in a statement, paying tribute to his role in "achieving the group's economic and financial recovery, enhancing its range of services and winning back customers."

sentifi.com

Market voices on:

Mr Juniac took charge at Air France in 2011, becoming chairman of Air France-KLM a year later.

He leaves the company on the track to recovery but still in a fragile position, facing tough competition from Gulf-based competitors for long-haul business and from low-cost rivals for short-haul market share.

The return to profits, announced in February, came after a major restructuring to boost productivity and a 2014 strike by Air France pilots that was one of the longest in the company's history.

The results marked a boost in fortunes for Air France after images of two of its executives, their shirts ripped by staff in an angry protest over redundancies, made world headlines last October.

Management in January unveiled a new 2017-2020 growth plan that will include 1,600 voluntary departures by the end of next year, according to union sources.

AFP

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom